The trading was bearish on Monday amid worries over US economy and job market. It is believed that the world’s largest economy is suffering whereas other figures indicate that China’s economy could also be effected and slowed down.

The NYSE Dow Jones is currently at 9686 points. The British Stock Market FTSE 100 was recorded flat at 4,836.28 whereas Germany’s DAX was recorded at 5,834.21 and France’s CAC-40 was recorded at 3,340.00. Shanghai index was down by the afternoon at 2363 points whereas Nikkie was at 9266 points.

On the other hand, the forex market also witnessed some fluctuation as dollar rose and euro declined. The world forex market will soon go down due to corrections but this process could take a week. The analysts believe that the giant economy is responsible for the recent economic downturns.

US has recently witnessed 13,000 layoffs in one day. Citigroup and BP have expected job cuts in the coming week. It has also been analyzed that over a period of 6 months, Britain will face over 600,000 job cuts, our source at Institute of Leadership and Management revealed. US stock markets have been hit hard by poor job market and a further decline in the sect0r. Recently Lloyds have laid off 650 employees and another 400 employees are expected to be laid off in the coming week. BAE factory closure also cost 260 jobs which has but skilled labours questioning their expertise.

June 2010 has seen only 10,000 graduate jobs in private sector which is not economic friendly. The jobs should be provided to individuals without job market laying off employees on the other hand. The jobs are available to companies with outsourcing license because many companies are laying off employees would rely on outsource. The unemployment is not expected to recover soon but it can be expected from government to take necessary measures to create employment and help the stock markets to recover which is also hit hard by the current economic situations.

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US stocks fluctuates as Citigroup and BP jobless claims have circulated in the market. The jobless claims in US has recently witnessed 13,000 job cuts which is not economic friendly news. Currently at 9,700 points, Dow is expected to fluctuate for another week which will be the best time for investors to analyze the sinking market and buy shares of interest. This will allow them to make profit upto 13% by the end of August. Nasdaq is expected to hit below 2000 points which will be a very critical moment for stock players due to the type of market they are playing in. Nasdaq will not recover by this month because the investment portfolios have not backed the already sinking market. S&P shares are not attracting the new investments because the returns on Dow are far more better than the S&P and the percentage gained from investments measures 7%.

On the other hand, the BP shares forecast have also shown that the market is slightly effected because of BP policies whereas recently the BP shares have been seen rising due to progress in oil spill controlling and capping. The investors have heavily pulled out their shares from BP but company have maintained their employees’ shares not to be pulled out and huge investors have been favoured on investments. Financiere predicted US stock market last month that the market would increase in the month of June. This month the market will fluctuate allowing investors to buy shares with lowest rates possible. The time is not suitable for selling shares because panic selling would further cause market to sink. The US unemployment claims have risen which will further negatively effect the stock market.

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The job market news is not positive and that is the main reason why news media is not highlighting the recent 90,000 layoffs in US alone. This is a 44% increase from the first quarter of the year 2010 but the news is not welcomed by many as more job cuts are expected in the third and fourth quarter. A rise is seen when some private companies added 20,000 jobs but that is not enough for the downward job market trend.

It is analyzed that unemployment rate is 6% and job market being very strong but the question is for how long will the unemployment be faced by the people as the economy is moving downwards. Finance sector is the major sector which faced job cuts this year. In UK alone 8,000 job cuts has been witnessed and in US the job cut totals 19,000 in financial sector only. Financial sector is known to be the most critical sector of economy and any dramatic change in this sector indicates clear signs of danger. The biggest problem is that the governments are not taking this matter seriously and the news media is controlled by the government which helps in playing the same goal “not to create unemployment hype”. US job market is huge and those laid off can be switching jobs around other states but UK job market is different and the joblessness in UK is severe. The foreign students studying in Britain are jobless because the economy is a vacuum tube. learn more about UK Job Market

Britain’s jobs market is still vulnerable. A significant fall in employment targeted more employers planning to cut jobs than appoint new staff which is the result of joblessness in the public sector.

THE JOB MARKET | Financiere.co.uk

Around one in every three public sector employers plans to shed jobs sooner or later this year.

Sectors such as IT, computing, engineering and construction that were predominantly hit by recession are clearly on the recovery stages. The impact of the expected public sector recession on the jobs market has yet to be felt and will be executed in the next six months. The improvement in the job market is still miles away as more joblessness and fall in hiring intentions in the public sector are expected even though the economy has come out of recession.

Our financial advisory division has warned that unemployment could rise steeply this year and has also forecasted a rise in unemployment upto 2.8 million. This is the longest period of recession since world war II. Millions of workers have felt the impact through growing unemployment, wage freezes and cuts, negative equity on houses and rising figures on house repossessions. Some of the biggest manufacturing companies in the UK have announced further job cuts in the month of February and March. Many sectors like auto manufacturing, auto parts, pharmaceutical, shopping malls, banks, garment retailers and even local authorities have announced job cuts. The total number of jobless people in UK is 2.5 million approx, which is around 8 percent of the population. The time has come for UK employees to understand that the average earnings rose at a record-low and the situation will keep on worsening till the third quarter of this year. The number of people claiming jobseeker’s allowance has now reached a record high and there are almost no new jobs in the market. The employers have raised the productivity and reduced labour costs leading to the toughest times in the history of UK.